Headwater Exploration (TSE:HWX) Upgraded at Atb Cap Markets

Atb Cap Markets upgraded shares of Headwater Exploration (TSE:HWX) to a strong-buy rating in a research note published on Tuesday,Zacks.com reports.

Several other research firms have also weighed in on HWX. National Bankshares dropped their price objective on shares of Headwater Exploration from C$10.50 to C$9.50 in a research note on Friday, September 27th. Raymond James raised Headwater Exploration to a “hold” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$9.46.

Headwater Exploration Stock Up 0.3 %

HWX stock opened at C$6.96 on Tuesday. The firm has a market cap of C$1.65 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 0.83 and a beta of 1.55. Headwater Exploration has a 1-year low of C$5.88 and a 1-year high of C$8.57. The firm has a fifty day moving average price of C$6.79 and a two-hundred day moving average price of C$6.93. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.53 and a quick ratio of 2.07.

Headwater Exploration Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 5.75%. The ex-dividend date of this dividend is Tuesday, December 31st. Headwater Exploration’s dividend payout ratio (DPR) is 51.28%.

Headwater Exploration Company Profile

Headwater Exploration Inc engages in the exploration, development, and production of petroleum and natural gas in Canada. It holds interest in the Marten Hills area located in Alberta, and McCully Field area located in New Brunswick. The company was formerly known as Corridor Resources Inc and changed its name to Headwater Exploration Inc in March 2020.